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The latest update is out from EQ Resources Limited ( (AU:EQR) ).
EQ Resources has issued 1,198,550 new fully paid ordinary shares following the exercise of options, including 800,000 shares from options exercised at $0.07 and 398,550 shares from the cashless exercise of employee incentive options. The company has confirmed that the shares were issued without a prospectus under the Corporations Act disclosure exemptions, that it remains compliant with its reporting and continuous disclosure obligations, and that there is no undisclosed price-sensitive information, effectively cleansing the new securities for secondary trading and signalling routine capital management rather than a major strategic shift.
The most recent analyst rating on (AU:EQR) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on EQ Resources Limited stock, see the AU:EQR Stock Forecast page.
More about EQ Resources Limited
EQ Resources Limited is an Australian Securities Exchange-listed tungsten mining company focused on sustainable mining and processing. It is expanding world-class tungsten assets at Mt Carbine in North Queensland and Barruecopardo in Spain, leveraging advanced processing technology and underdeveloped resources to position itself as a leading global supplier of this critical mineral.
Average Trading Volume: 46,669,760
Technical Sentiment Signal: Buy
Current Market Cap: A$1.72B
See more data about EQR stock on TipRanks’ Stock Analysis page.